Revenue: As of FY2026 Q1, the actual value is USD 2.774 B.

EPS: As of FY2026 Q1, the actual value is USD 0.6.

Financial Performance Summary

Consolidated Results (GAAP)

PPL Corporation reported Net Income of $452 million for the first quarter of 2026, an increase from $414 million in the first quarter of 2025, representing a 9% change .

Consolidated Results (Non-GAAP - Earnings from Ongoing Operations)

Earnings from ongoing operations were $478 million for the first quarter of 2026, compared to $444 million in the first quarter of 2025, an 8% increase .

Segment Performance (Earnings from Ongoing Operations Per Share)

• Kentucky Regulated: Contributed $0.33 per share in Q1 2026, up from $0.30 per share in Q1 2025, primarily due to higher retail rates effective January 1, 2026, partially offset by higher operating costs, depreciation, and interest expenses .
• Pennsylvania Regulated: Maintained $0.25 per share in both Q1 2026 and Q1 2025, driven by higher transmission revenue from capital investments, offset by increased operating costs, depreciation, and interest expenses .
• Rhode Island Regulated: Remained at $0.10 per share in both Q1 2026 and Q1 2025, influenced by higher rider revenue, offset by higher depreciation expense .
• Corporate and Other: Reported - $0.05 per share in both Q1 2026 and Q1 2025, mainly due to higher interest expense offset by other factors .

Consolidated Statements of Income (Three Months Ended March 31)

• Operating Revenues: $2,774 million in 2026, up from $2,504 million in 2025 .
• Total Operating Expenses: $2,029 million in 2026, compared to $1,826 million in 2025 .
  • Fuel: $274 million in 2026 vs $234 million in 2025 .
  • Energy purchases: $703 million in 2026 vs $559 million in 2025 .
  • Other operation and maintenance: $579 million in 2026 vs $598 million in 2025 .
  • Depreciation: $351 million in 2026 vs $322 million in 2025 .
  • Taxes, other than income: $122 million in 2026 vs $113 million in 2025 .
• Operating Income: $745 million in 2026, up from $678 million in 2025 .
• Other Income (Expense) - net: $39 million in 2026, compared to $28 million in 2025 .
• Interest Expense: $224 million in 2026, up from $190 million in 2025 .
• Income Before Income Taxes: $560 million in 2026, compared to $516 million in 2025 .
• Income Taxes: $108 million in 2026, up from $102 million in 2025 .

Consolidated Statements of Cash Flows (Three Months Ended March 31)

• Net Cash Provided by Operating Activities: $557 million in 2026, an increase from $513 million in 2025 .
• Net Cash Used in Investing Activities: - $1,046 million in 2026, compared to - $783 million in 2025 .
  • Expenditures for property, plant and equipment: - $1,058 million in 2026 vs - $793 million in 2025 .
• Net Cash Provided by Financing Activities: $654 million in 2026, up from $271 million in 2025 .
  • Issuance of long-term debt: $1,150 million in 2026 vs $0 in 2025 .
  • Retirement of long-term debt: - $18 million in 2026 vs $0 in 2025 .
  • Payment of common stock dividends: - $202 million in 2026 vs - $190 million in 2025 .
  • Net increase (decrease) in short-term debt: - $236 million in 2026 vs $475 million in 2025 .

Operating - Electricity Sales (Three Months Ended March 31)

• PA Regulated Segment (Retail Delivered): 10,315 GWh in 2026, up 1.7% from 10,144 GWh in 2025 .
• KY Regulated Segment (Retail Delivered): 7,645 GWh in 2026, down 2.0% from 7,803 GWh in 2025 .
• KY Regulated Segment (Wholesale): 308 GWh in 2026, down 29.8% from 439 GWh in 2025 .
• Total Electricity Sales: 18,268 GWh in 2026, a decrease of 0.6% from 18,386 GWh in 2025 .

Outlook / Guidance

PPL Corporation reaffirmed its 2026 ongoing earnings forecast range of $1.90 to $1.98 per share, with a midpoint of $1.94 per share . The company also reaffirmed its annual earnings-per-share growth target of 6% to 8% through at least 2029, expecting compound annual growth near the top end of this range . PPL is on pace to complete $5.1 billion in 2026 infrastructure investments and is advancing several regulatory processes and new generation projects .